IBC publishes Facts of the Property and Casualty Insurance Industry in Canada.
How big is the Canadian insurance industry?
2.8%
How is the insurance industry in Canada?
In Canada, 77% of insurance company leaders say inflation will increase in 2022 and 85% are anticipating higher interest rates. While the pandemic and its impacts will likely continue for some time, Canada's insurers still expect economic growth to slowly recover in 2022.
Who is Canada's largest insurance company?
Manulife Financial is the largest insurance provider in Canada and offers a broad range of financial services. Great-West Lifeco, Inc., the second-largest insurer, operates as a holding company for six subsidiaries.
Is insurance industry a good career in Canada?
High Demand The insurance industry is one of the fastest-growing sectors in Canada. It offers great opportunity in every field, whether it be on the commercial or personal side. The need for people to understand and protect themselves from risk is constantly expanding.